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MELBOURNE (Reuters) - Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect of a rival to bidder Newmont.
But another alternative for Newcrest would be lifting its value through sale of assets, analysts said.
Newmont, the world's biggest gold producer, on Monday bid $16.9 billion for Newcrest, whose operations include top-class asset Cadia in Australia and a...
>>> Read more: Barrick rules out rival bid for Australia's Newcrest - Bloomberg
But another alternative for Newcrest would be lifting its value through sale of assets, analysts said.
Newmont, the world's biggest gold producer, on Monday bid $16.9 billion for Newcrest, whose operations include top-class asset Cadia in Australia and a...
>>> Read more: Barrick rules out rival bid for Australia's Newcrest - Bloomberg
